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Home EV Charger Installation Financing

Explore your options for EV charger installation financing through one of the contractors in our network.
Home EV Charger Installation Financing
Installing an in-home EV charger offers unmatched convenience — that is, other than the significant upfront investment. Fortunately, home EV charger installation financing allows homeowners to break down project costs into pay-over-time installments rather than covering everything upfront.
Get started today by completing our online request form. We’ll attempt to connect you with a lender who may provide options tailored to your EV home charger installation project.

How To Get Financing for Your EV Charger Installation

Step 1
Complete a simple request form with basic project details, such as charger type, location, and financing goals.
Step 1
Step 2
Your request will be reviewed in real-time and routed to potential lenders, who may offer finance options tailored to your EV charger project.
Step 2
Step 3
If you connect with a lender, you’ll receive a complete application to fill out. If approved, funding may be provided in a few business days.
Step 3
Step 4
Your contractor can begin your EV charger installation project while you repay the lender in scheduled installments.
Step 4

What Is Home EV Charger Financing?

Home EV charger financing enables homeowners to spread out the price of purchasing and installing an electric vehicle charger over time. Instead of paying the full cost upfront, you can finance your at-home EV charger with manageable payments.
What is a Home EV Charger Loan?

Types of EV Chargers

  • Level 1 (120V) Chargers: These basic chargers plug into a standard household outlet and deliver roughly three to five miles of range per hour. They’re the most affordable to install — often with hardware costs under $300 — but charging can take longer.
  • Level 2 (240V) Chargers: As the most common home solution, Level 2 units connect to a dedicated 240V circuit and add about 20 to 30 miles of range per hour. The costs for the hardware and professional installation typically range between $500 and $1,800, depending on the amperage and smart features.
  • Smart EV Chargers: These WiFi-enabled stations let you schedule charging during off-peak electricity hours, monitor energy use via a mobile app, and integrate with home energy management systems. Smart features may add $100 to $300 to up-front costs but can help save on utility bills.
  • Outdoor-Rated Chargers: Built with weatherproof enclosures and corrosion-resistant components, these models withstand rain, snow, and sun exposure. Installation may require additional conduit or wall-mounting hardware, which can increase labor fees.
  • Integrated Solar-Ready Chargers: For homes with rooftop solar panels, some chargers can draw directly from your photovoltaic system when surplus power is available. This setup can reduce grid-drawn electricity and maximize green energy usage, but it may require specialized equipment and wiring.
  • Portable EV Chargers: Lightweight and compact, portable chargers offer flexibility — whether moving between vehicles or taking on the road. However, they often charge slower than other options. They typically plug into either 120V or 240V outlets and require a simple installation.

How Much Does It Cost to Finance an EV Charger?

Cost Category Amount
National Average Cost $964
Typical Price Range $549–$1,380
Low-End Cost $300
High-End Cost $3,000+

Level 1 chargers typically start at under $300 for the hardware. Level 2 installations — including labor, wiring, and minor panel upgrades — average between $500 and $1,800. However, if your electrical panel needs a significant upgrade to support your EV charger installation, total costs can exceed $3,000.

Common EV Home Charger Problems

We can help you avoid common problems with your EV home charger installation by connecting you with an experienced contractor. Here are some of the challenges a professional EV installer can help guide you through:

  • Insufficient Electrical Capacity: Older homes may require panel upgrades, which can result in additional costs.
  • Poor Cable Management: Without proper conduit or mounting, charging cables can become hazardous or damaged.
  • WiFi Connectivity Issues: Smart chargers rely on home network connections. Weak signals can disrupt scheduling or monitoring.
  • Weather-Related Wear: Outdoor units may be susceptible to corrosion or UV damage if not specifically designed with climate-appropriate protection.
  • Permit Delays: Some areas require electrical permits and inspections, which can add to the time and cost of the project.

Factors to Consider Before Installing an EV Charger

Electrical Panel Capacity

Electrical Panel Capacity

Assess whether your home’s main service panel can handle a dedicated 240V circuit. If capacity is maxed out, an upgrade or sub-panel may be necessary.

Charger Type & Speed

Charger Type & Speed

Decide between Level 1, Level 2, or a smart charging station based on your EV charging needs. Faster charging typically results in higher installation complexity and costs, but it can offer more convenience to drivers with long commutes.

Location & Accessibility

Location & Accessibility

Position your charger in an accessible spot near where the EV will be parked most often, taking into account the cable length. Choosing a place close to the garage door may reduce the need for trenching or cord-management hardware, but electrical proximity to the panel is also important.

Future-Proofing

Future-Proofing

Plan for potential upgrades, such as a second charger or solar power integration, to avoid redundant wiring work later. Choosing a charging station with modular features can save labor costs on future expansions.

Benefits of EV Charger Financing with Renovate

Manageable Costs

Manageable Costs

Rather than draining your savings or tapping emergency funds, financing lets you spread out your EV charger installation expenses over time. Preserve your cash flow for other priorities.

Competitive Rates

Competitive Rates

Our network of licensed lenders offer competitive rates and flexible terms, depending on the applicant’s credit profile. Consumers of all credit types are welcome to submit a request, though approval is not guaranteed.

Quick Funding

Quick Funding

If approved by the lender, funding may arrive in a few business days. You can begin working on your EV charger installation with your contractor immediately and pay back the cost of the project over time.

Apply for a Loan

Apply for an EV Charger Loan Now

Submit your request today to explore EV charger installation financing in your area.

Check Other Home Renovation Loan Options

EV Charger Financing FAQ

Qualification usually depends on your credit history, income, and project details. Consumers with a range of credit profiles are welcome to submit a request for EV charger installation financing. Lenders may perform a soft credit check as part of their evaluation.

Some lenders consider applicants across different credit tiers. While stronger credit scores may receive more favorable terms, those with lower scores can still explore financing options by submitting a request. Approval and terms remain subject to the lender’s criteria.

Most EV home charger installation projects cost between $549 and $1,380. However, complex projects, like those requiring panel upgrades, may exceed $3,000.

Lenders typically review applications within a few business days. Timing can vary based on the lender’s process, required documentation, credit verification, and project details.

Dive Deeper Into EV Charger Financing

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